Define fund as used in government organizations

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Reference no: EM132303310

Question: Respond to the following in a minimum of 175 words and cite your sources on all questions:

1. Define fund as used in government organizations. Contrast that definition with the same term as used in nonprofit seeking organization. Does the creation of a fund constitute authority to spend or obligate its resources? Explain your answer.

2. How is cost-benefit analysis used at different levels of public budgeting and governmental and nonprofit accounting?

3. What are the common pitfalls one can anticipate in budget execution, and how can budget execution system design assist in minimizing these pitfalls?

4. What approach should be used to measure a capital asset impairment loss that results from physical damage to the capital asset?

5. How do sources of temporary funding help in contingency planning? How are other forms of assistance, funding, and assets acquired?

6. What types of knowledge and skills do analysts need for exposure identification and risk evaluation? What types of continuous direction and careful attention connote excellent risk management?

Reference no: EM132303310

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